Blackbaud (NASDAQ: BLKB),
the leading provider of software and services for nonprofit
organizations, today announced that after a seven-year tenure, Marc
Chardon will step down as the Company’s President and Chief Executive
Officer and a director at the end of 2013, or earlier if a successor is
named. This decision was made jointly by the Board and Mr. Chardon as
part of the Company’s business and succession planning efforts.
Following his departure, Mr. Chardon intends to pursue business
interests advising and investing in technology start-ups and devote more
time to the philanthropic community.

The Blackbaud Board will initiate a search process and retain a leading
executive search firm to identify the next President and CEO. The search
process will include a full review of internal and external candidates.
Mr. Chardon will work with the Board to help identify his successor.

“It has been an honor to serve as Blackbaud's President and CEO for the
past seven years, and to work with the finest employees and management
team in the industry,” said Mr. Chardon. “Now is the right time to
select a new leader for the next phase of the Company’s development and
growth. I will work with the Board to help identify the best possible
candidate to serve as Blackbaud’s next President and CEO and to ensure
that this transition is seamless for all of our stakeholders. I am
confident that, when the time comes, I will leave the Company in
excellent hands with a strong team that will continue to succeed and
build on the important progress we have made.”

“Blackbaud’s Board is committed to conducting a thorough and
comprehensive search to identify the best candidate to serve as our next
President and CEO,” said Andrew Leitch, Chairman of the Board of
Directors. “On behalf of the Board and everyone at Blackbaud, I thank
Marc for his leadership, commitment and contributions to our Company. He
has successfully led the Company through a significant transformation as
we sought to expand the markets we serve and range of solutions we
offer. During his tenure over the last seven years, we have nearly
tripled our revenues. Marc has been a valuable member of the Blackbaud
Board and leadership team and we wish him all the best in his future
endeavors.”

Preliminary Fourth Quarter Results

The Company also announced today that it expects to report for the
quarter ended December 31, 2012 total non-GAAP revenue and non-GAAP EBIT
that are within or above the Company’s previously released guidance
ranges of $119 million to $121 million for non-GAAP revenue and $19
million to $20 million for non-GAAP EBIT.

“We are pleased by our fourth quarter results, which reflect credible
performance from each of the business units as well as early signs of
acceleration in the opportunity pipeline for legacy Convio products,”
said Mr. Chardon. “While we anticipate continued macroeconomic
headwinds, we remain confident in our business strategy and believe that
we are well-positioned to drive growth and build long-term shareholder
value.”

Blackbaud will report its fourth quarter and full year 2012 financial
results before the U.S. financial markets open on Wednesday, February
13, 2013. In conjunction with this announcement, Blackbaud will host a
conference call on February 13, 2013, at 8:00 a.m. (Eastern Time) to
discuss the Company's financial results. To access this call, dial
1-877-407-3982 (domestic) or 1-201-493-6780 (international). A replay of
this conference call will be available through February 20, 2013, at
1-877-870-5176 (domestic) or 1-858-384-5517 (international). The replay
passcode is 407059. A live webcast of this conference call will be
available on the "Investor Relations" page of the Company's website at www.blackbaud.com/investorrelations,
and a replay will be archived on the website as well.

About Blackbaud

Serving the nonprofit and education sectors for 30 years, Blackbaud
(NASDAQ: BLKB) combines technology and expertise to help organizations
achieve their missions. Blackbaud works with more than 27,000 customers
in over 60 countries that support higher education, healthcare, human
services, arts and culture, faith, the environment, independent K-12
education, animal welfare and other charitable causes. The company
offers a full spectrum of cloud-based and on-premise software solutions
and related services for organizations of all sizes including:
fundraising, eMarketing, social media, advocacy, constituent
relationship management (CRM), analytics, financial management and
vertical-specific solutions. Using Blackbaud technology, these
organizations raise more than $100 billion each year. Recognized as a
top company by Forbes, InformationWeek and Software Magazine, and
honored by Best Places to Work, Blackbaud is headquartered in
Charleston, South Carolina and has operations in the United States,
Australia, Canada, the Netherlands and the United Kingdom. For more
information, visit www.blackbaud.com.

Forward-looking Statements

Except for historical information, all of the statements, expectations,
and assumptions contained in this news release are forward-looking
statements that are subject to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, including but not limited to
statements regarding: the Board’s search for a new President and CEO and
its transition plan; Blackbaud’s expected fourth quarter and full year
2012 financial results; and Blackbaud’s ability to drive growth and
build long-term shareholder value. Although Blackbaud attempts to be
accurate in making these forward-looking statements, it is possible that
future circumstances might differ from the assumptions on which such
statements are based. These statements involve a number of risks and
uncertainties, including Blackbaud’s ability to identify and hire a
highly qualified CEO, potential disruption to the Company’s operations
and management that could result from the transition and Blackbaud’s
ability to leverage product offerings, improve operational performance,
achieve cost savings targets and improve profitability and related
profitability targets. In addition, other important factors that could
cause results to differ materially include the following: management of
integration of acquired companies and other risks associated with
acquisitions; general economic risks; uncertainty regarding increased
business and renewals from existing customers; continued success in
sales growth; risks associated with successful implementation of
multiple integrated software products; the ability to attract and retain
key personnel; risks related to our leverage, dividend policy and share
repurchase program, including potential limitations on our ability to
grow and the possibility that we might discontinue payment of dividends;
risks relating to restrictions imposed by the credit facility; risks
associated with management of growth; lengthy sales and implementation
cycles, particularly in larger organizations; technological changes that
make our products and services less competitive; and the other risk
factors set forth from time to time in the SEC filings for Blackbaud,
copies of which are available free of charge at the SEC’s website at www.sec.gov
or upon request from Blackbaud's investor relations department.
Blackbaud assumes no obligation and does not intend to update these
forward-looking statements, except as required by law.

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